Market Highlights
The cloud backup market is set for a good time ahead owing to the factors such as offering solutions for making right and informed decisions to achieve the desired outcomes, providing storage, savings, security, and virtualization to a hybrid cloud solution for saving data. These factors have come up to be essential ones that are driving the market to reach great extent in the coming years.
Market Research Future study discloses that the global cloud backup is expected to achieve an unprecedented CAGR of 21.2% during the prediction period between 2017 and 2023. The market is also set to reach a valuation of USD ~$5.6 Billion in the same period and is expected to rise more in valuation in the coming years. The extensive study on the same market has also covered segmental analysis and factors in detail to offer a holistic picture of the market in the coming years.
The study also indicates that the market is also driven by the factors of lower costs, vast volumes of data generation, and greater efficiency than on-premises backup as well as growing SaaS adoption across the globe. Moreover, the surge in the adoption of mobile devices and easy deployment of cloud backup technology is also boosting the cloud backup market over the years. As an add on to it, the market is categorized by its growth phase and occurrence of a large number of small and mid-size retailers.
On the other hand, the significant players are also rapidly adopting strategies such as acquisition and partnership to increase their product lines and services to expand the market size and valuation. In a case of point, Amazon web services Inc. acquired Elemental Technologies Inc. in September 2015 for backing up its all essential data to a safer side. Such factor has also fundamentally driven the market to rise and reach a higher valuation. Such a move is now will go ahead and is expected to achieve more during the forecast period.
On the flip side, factors such as data accessibility with the help of internet pose as a threat of identity, which is considered to be a restraint to the market growth. With this, other factors such as lack of high network bandwidth and strict government rules could also limit the adoption of cloud-backup techniques during its growth period while the growth in the number of mobile Internet users and requirement of technologically advanced solutions are likely to boost the market growth further during the assessment period.
Key Players
The well-known players in the Cloud Backup Market are listed as Symantec Corporation (US), EMC Corporation (U.S), Oracle Corporation (U.S), VMware Inc. (U.S), IBM Corporation (U.S), Dropbox, Inc. U.S.), Amazon Web Services. (U.S), Microsoft Corporation (U.S), Google Inc. (U.S), CommVault Software (U.S), Datto, Inc. (U.S.), Barracuda Networks, Inc. (US), Code42 Software, Inc. (US), and to name a few.
Regional Outlook
The regional analysis of the Cloud Backup market is studied among the key regions of North America, Europe, Asia Pacific, and the Rest of the World.
The study observed that the North America region is the leading region for cloud Backup market. It is notable the United States that plays a pivotal role in the world of cloud backup. Any alteration from United States might affect the development trend of Cloud Backup.
The study reveals that the Europe region is showing rapid growth in the Cloud Backup market.
Asia-Pacific countries like China, Japan, and India are estimated to experience the fastest-growing region in the Cloud Backup market owing to the expanding size of high data generation in many countries. The study also indicates that the Asia-Pacific will inhabit more market share in following years, especially in China, which is even fastly-growing after India and Southeast Asia regions.
Segmentation:
On the basis of segmentation, the global cloud backup market splits into several elements of solutions, services, deployments, organization size, and end-user.
In terms of Solutions: Primary storage, Disaster Recovery, Cloud storage gateway and more are the segments.
In terms of services: Training and consulting, Support and maintenance, Cloud integration and migration, and Managed Services are the segments.
In terms of Deployments: Public Cloud, Private Cloud, and Hybrid Cloud are the segments.
In terms of organization size: Small and Medium Enterprises (SMEs) and Large Enterprises are the segments.
In terms of end-user: BFSI, Consumer goods and retail, education, government, and public sector, healthcare, and life sciences, manufacturing, media and entertainment, telecommunication and ITES, and others are the segments.
Industry News
October 2019:
- Famous Australian-based animation and visual effects studio namely Animal Logic, partnered with Alibaba Cloud to begin with backing-up on-premise production content into the cloud. The aim is to meet the mounting demand for media production.
- NetApp announced a range of diverse backup and recovery products as well as updates to existing solutions, including Cloud Backup Service, Azure NetApp Files Backup, and NetApp SaaS Backup.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/cloud-backup-market-3152
OverviewMarket Research Future (MRFR)’s latest report regarding the global document management system market states that the market is slated to register a remarkable market valuation at a steady CAGR over the review period.
Additionally, the storage and management of digital documents enables cost reduction and eradicates the possibility of human error.
This, consequently, is anticipated to accelerate revenue generation for significant market players in the global Document Management System Market over the assessment period.
Additionally, the development of cloud-based systems is expected to open up a vast scope of growth opportunities for the key players in the forthcoming years.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6498Market SegmentationMRFR’s report covers vital segments that make up the global document management system market.
The organization sizes of the companies using document management systems vary.
The healthcare and BFSI segments are likely to contribute to the majority of the market share over the evaluation period.Key Players:Important market players have been included in MRFR’s assessment of the competitive landscape of the document management system global market; these include Agiloft, HP, SpringCM, OpenText Corporation, Microsoft Corporation, Xerox Corporation, Alfresco Softwre Inc., IBM Corporation, Oracle Corporation, eFile Cabinet Inc., Canon Inc., Asite, Hyland Software Inc., and Ricoh Company Ltd.
The GDPR Service Market Research Report Forecast is a valuable source of insightful data for business strategists.
It provides the industry overview with recent trends, size, share, growth analysis, historical, futuristic data, revenue, demand and strategic development.The entire GDPR service market has been sub-categorized into offering, deployment model and end-use industry.
The report provides an analysis of these subsets with respect to the geographical segmentation.
This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Global GDPR Service Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/gdpr-service-market/download-sampleBy OfferingSolutionsServicesBy Deployment ModelCloudOn-PremisesBy End-Use IndustryBFSIEducationHealthcareTravel & HospitalityGovernment & Public SectorRetail and E-CommerceMedia & EntertainmentOthersThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the GDPR service market include IBM Corporation, Oracle Corporation, SAP SE, Amazon Web Services, Microsoft Corporation, Micro Focus, Capgemini SE, Absolute Software Corporation, Proofpoint Inc., Veritas Software.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for GDPR service market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Global Market For Edge Computing is estimated to reach USD 22,453.9 million by 2027, registering a 28.4% CAGR during the forecast period of 2020 to 2027 and Edge Computing Market: By Technology (Mobile Edge Computing, Fog Computing), by Deployment (On-Premise and Cloud), by Component (Hardware, Software and Solutions).Market SynopsisMarket Research Future (MRFR), in its latest the global edge computing market value can touch USD 22,453.9 Mn by 2027.
The rapid proliferation of Internet of Things (IoT) can impel the expansion of the market.
The rise in IoT trend and the high demand can impel the expansion of the market in years to come.The rise in initiatives for digital transformation can prompt the expansion of the market in the years to come.
The high adoption of IoT solutions by organizations can prompt the expansion of the edge computing market.
The rise in need for resilient data communication can aid in the edge computing due to data communication paths over centralized network that can provide business continuity.
Thus, can favour the expansion of the market in the years to come.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/3239Market SegmentationThe edge computing market segment study is based on technology, deployment, application, and vertical.
In 2017, the large enterprises segment dominated the global market, in terms of revenue.
Browse for full research summary: https://www.polarismarketresearch.com/industry-analysis/cognitive-analytics-market The growing need for real time analysis of complex data for improved business efficiency, and need to gain actionable insights from large amount of data have boosted the adoption of cognitive analytics solutions.
Additionally, the increasing demand of cognitive analytics from industries such as transportation, healthcare, and BFSI has supported then Cognitive Analytics Market growth over the years.
Growing demand from emerging economies, and increasing adoption by small and medium sized businesses is expected to provide numerous growth opportunities in the coming years.
The North America Cognitive Analytics Market generated the highest revenue in 2017, and is expected to lead the global market throughout the forecast period.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing demand from emerging countries such as China, Japan, and India.
In 2017, the large enterprises segment dominated the global market, in terms of revenue.
Browse for full research summary: https://www.polarismarketresearch.com/industry-analysis/cognitive-analytics-market The growing need for real time analysis of complex data for improved business efficiency, and need to gain actionable insights from large amount of data have boosted the adoption of cognitive analytics solutions.
Additionally, the increasing demand of cognitive analytics from industries such as transportation, healthcare, and BFSI has supported then Cognitive Analytics Market growth over the years.
Growing demand from emerging economies, and increasing adoption by small and medium sized businesses is expected to provide numerous growth opportunities in the coming years.
The North America Cognitive Analytics Market generated the highest revenue in 2017, and is expected to lead the global market throughout the forecast period.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing demand from emerging countries such as China, Japan, and India.
